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Options Update: Freeport McMoRan Sept volatility low at 4

Posted Aug 31st 2009 8:30AM by Paul FosterPaul Foster RSS Feed
Filed under: Options, Freep't McMoRan Copper (FCX)

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Freeport McMoRan (NYSE: FCX) closed at $65.48. Copper is recently up 3.85% to 296.250 according to Bloomberg. FCX call option volume of 44,375 contracts compares to put volume of 19,700 contracts. FCX September option implied volatility is at 48, November is at 55; below its 26-week of average of 65, according to Track Data, suggesting decreasing price movement.

streetTracks (NYSE: GLD) is recently down 18 cents to $93.69 in pre-open trading. Gold is recently down 0.34% to $955.55 according to Bloomberg. GLD September call option implied volatility is at 15, puts are at 16, October calls are at 17, puts are at 19; below its 26-week average of 26, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: Copper, fcx, gld, Gold, inthenews, option implied volatility, OptionImpliedVolatility, streetTracks

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Last updated: November 25, 2009: 10:32 PM

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